For the tenth year in a row, Transparency International (TI) has assessed enforcement of the OECD Anti-Bribery Convention (the Convention) and the results are disheartening.
Indonesia's new president, Joko Widodo, couldn't finish appointing his cabinet Wednesday after the country's independent anti-corruption agency rejected eight of his nominees.
The International Organization for Standardization (ISO) is drafting a new standard on anti-bribery management.
Royal Bank of Scotland received immunity from a €110 million ($146 million) fine after telling the European Commission’s competition watchdog it had tried to fix Swiss franc interest rates with JP Morgan.
In recent months, the U.S. Treasury Department's sanctions enforcement unit, the Office of Foreign Assets Control (OFAC), has made it clear that sanctions compliance will continue to be a global issue. Particular transactions will be scrutinized, making it important for financial institutions that do business internationally to manage their risks appropriately.
Chinese authorities have jailed two science researchers and arrested four others following a discovery that they siphoned government research funds totaling over 25 million yuan ($4 million) for their personal benefit.
The president of the New York Federal Reserve told executives from the big banks Monday that unless they adopt a compliance culture that works, they'll have to become smaller and more manageable.
The danger of litigating, at least to trial, on the back of criminal conduct giving rise to guilty pleas and convictions both under the FCPA and similar English legislation was illustrated in the recent case of Jalal Bezee Mejel Al-Gaood v Innospec Ltd.
A Texas jury Monday awarded a whistleblower $175 million in his False Claims Act suit against Trinity Industries for faulty guardrails. Under federal law, the award will be trebled to $525 million.